AIONUSDT Dynamic Resistance| Local S/R| Bullish Divergence|200MA


Evening Traders,

Today’s analysis – AIONUSDT- price action breaking key resistance with candle closes, an influx is highly probable as this is as pivot .
Points to consider,
Bullish Price Action
– Local S/R Resistance
– 200 MA Support
– Oscillators Divergence
Volume Below Average

AIONUSDT’s immediate price action is bullish by breaking above the dynamic resistance in confluence with the 200 MA. This shows strength which allows us to have a bullish bias on the market.

The Local S/R is recent resistance, candle closes within this area is indicative of immediate strength. Here a long trade will be negated with a bearish close below the 200 MA.

The RSI has a valid bullish divergence , this is a sign of strength in the immediate term thus a reversal probable.

Current volume profile is below average, an influx will be highly probable with the next price expansion.

Overall, in my opinion, AIONUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.

Hope this analysis helps

Thank you for following my work!

And remember,

“a greater probability of one thing happening over another. In a sense, technical analysis allows you”
― Mark Douglas